The company booked a net profit of RS 465 Crore for the quarter of April-June of the last tax.
The total income rose to RS 5,077 Crore during the quarter to RS 4,496 Crore in the period of a year ago, Bosch Ltd said in a regulatory application.
During the quarter, the company completed the transfer of its business solutions, access and intrusions and communication systems “and acknowledged a profit for the sale of companies for RS 556 Crore, noted.
“Our performance in the first quarter reflects strong growth, powered by increased turnover, higher demand in passenger cars and a reduction in material costs made possible by a favorable product mix,” said Bosch Ltd Guruprasad Mudlapur.
This is the result of the consistent efforts of the company to strengthen the core companies and at the same time remain focused on future technologies, he added. “Despite global challenges, we remain optimistic about the opportunities that lie in front of us,” he said. The company invests decisively in hydrogen, electrification and digital services- positioning of the vanguard of sustainable mobility, Mudlapur added.
As India goes to a smarter, cleaner future, Bosch remains a trusted partner in delivering value in the long term and innovation-guided growth, he said.
Shares of the company ended 1.83 percent higher on RS 41,117.60 each on the BSE.
#Bosch #Results #Net #profit #sticks #Crore